Part 10/14:
Morehead recognizes the rise of CBDCs like China’s digital yuan (or "BritCoin" in the UK) as inevitable developments. He sees their emergence as a double-edged sword—they promise stability and speed but raise serious concerns about privacy, control, and government surveillance. He envisions a future where choices about privacy and digital currency will be a matter of individual preference, with some opting for privacy-focused cryptocurrencies like Bitcoin or Zcash.
He warns that CBDCs could enable governments to switch off accounts or censor transactions, but ultimately, consumers will vote with their wallets, favoring or rejecting these oversight mechanisms based on their preferences.